Even Though Economists Find Different Conclusions, Depending on the Models

question 18

Multiple Choice

Even though economists find different conclusions, depending on the models they use, for the explanation of cross-country growth since 1960, several variable consistently help explain differences in per-capita GDP growth. Which of the following is not one of them?

• A) Saving rates
• B) Population growth rates
• C) Openness to trade
• D) Monetary policy
• E) Fraction of GDP in mining

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Definitions:

JIT

Just-In-Time, a lean manufacturing principle aiming to reduce waste and increase efficiency by receiving goods only as they are needed in the production process.

Small Lot Size

A production strategy where quantities of manufactured items are kept low, allowing for greater flexibility in product variation and reducing inventory costs.